Mr. Guy Bedard reports

PLEXMAR RESOURCES INC./MALIN PLANT: EIA APPROVAL, START OF OPERATIONS

Plexmar Resources Inc.'s joint venture company operating the Malin plant has received the resolution from the regional government of the La Libertad Department confirming the approval of the environmental impact study. This resolution is the base requisite to fully start the operations at the Malin plant, implying that all social permits have been obtained to operate the Malin plant.

In December, the Malin plant will start processing ore coming from various sources. Plexmar signed a services contract on July 12, 2010, with Iimpul Peru SAC to provide continuous feed to the Malin plant.

The Malin plant is being operated through a 50-50 joint venture with J&M Business SAC. The plant has an installed capacity of 100 tonnes per day to process gold ore and 100 tonnes per day to process copper sulphide ore. The full capacity is expected to be reached by the second quarter of 2011. Production reports will be issued in 2011 on a quarterly basis.